Wells Fargo Cuts Arthur J. Gallagher (AJG) Price Target to $284
Wells Fargo has reiterated its Overweight rating on Arthur J. Gallagher & Co. with a price target of $284, a 12.67% upside from the current price.
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Wells Fargo cut its price target on Arthur J. Gallagher & Co. ($AJG) to $284 from $291 on October 12, 2026, and rates the stock "Overweight".
Since the rating, $AJG is up 9.0% to date (from the $233.92 close on Oct 12, 2026).
AJG
Arthur J. Gallagher & Co.
Key Points
- On October 12, 2026, Wells Fargo reiterated its Overweight rating on Arthur J. Gallagher & Co. with a price target of $284, down from $291.
- Wells Fargo's $284 price target implies 12.67% upside from Arthur J. Gallagher & Co.'s ($AJG) current $252.06 share price.
- As of October 16, 2026, AJG traded recently around $252.06, which is 11.2% below Wells Fargo's new target.
- The company is set to report its next earnings on October 29, 2026, following a year of strong revenue growth of 30.9%.
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Wells Fargo has reiterated its Overweight rating on Arthur J. Gallagher & Co. (NYSE: AJG) on October 12, 2026, setting a new price target of $284. This target is a decrease from the previous target of $291.
Other Institutional Activity in AJG
Several other institutional investors have maintained significant positions in Arthur J. Gallagher & Co. Blackrock Inc. holds 19,822,870 shares, valued at about $5.05 billion, after increasing its stake by 515,507 shares. FMR, LLC owns 18,645,620 shares worth approximately $4.75 billion, having added 4,025,044 shares. Vanguard Capital Management LLC has 16,777,183 shares valued at around $4.28 billion, with a slight increase of 76,822 shares. Conversely, JPMorgan Chase & Co. reduced its holdings by 5,210,858 shares, bringing its total to 14,356,764 shares worth about $3.66 billion, reflecting a 26.6% decrease. Capital World Investors also trimmed its position by 1,305,779 shares, ending with 12,511,991 shares valued at approximately $3.19 billion.
Arthur J. Gallagher & Co. Stock Up 5.3%
Arthur J. Gallagher & Co. shares are currently trading around $252.06 as of October 16, 2026. This price is approximately 11.2% below Wells Fargo's new price target of $284. The stock has shown strong performance, with a revenue growth of 30.9% year-over-year, indicating a solid position in the insurance brokerage sector.
$AJG price target
Arthur J. Gallagher & Co. daily closes and this analyst's $284 target. Not advice.
Recent Earnings
Over the last twelve months, Arthur J. Gallagher & Co. reported total revenue of approximately $15.11 billion and earnings per share of $6.03. The company also boasts a net margin of 10.4% and a return on equity of 6.7%. The next earnings report is scheduled for October 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target cuts vs 0 raises.
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EPS & revenue
EPS met estimates. Revenue missed estimates by 0.5%.
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Profit surprise
EBITDA missed by 13 percent. Operating income missed by 27 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 upgrade, 5 target cuts.
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Earnings quality
Gross margin up 36.8 points. Operating margin down 2.5 points. Positive free cash flow.
Earnings Call Summary
Gallagher delivered a strong first quarter with 28 percent total revenue growth, driven by 5 percent organic growth plus 23 percent from the AssuredPartners acquisition. The company beat on EPS at 4.47 dollars per share versus 4.40 dollars expected, and expanded brokerage margins by 50 basis points. Management said their new business hit ratio improved to 45 percent from 32 percent historically using digital tools, and they are confident about durability even as property pricing moderates.
Guidance Management reaffirmed its full year outlook for organic growth of 6 percent and underlying margin expansion of 40 to 60 basis points. They expect second quarter brokerage organic growth of 5 percent and full year of 5.5 percent, with property pricing remaining down about 7 percent but offset by strength in casualty and benefits.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Dividend
Arthur J. Gallagher & Co. pays an annual dividend rate of $2.80, with a payout ratio of 44.8%.
Insider Buying and Selling at Arthur J. Gallagher & Co.
Insider trading activity has seen several significant sales recently. Christopher E. Mead, an officer, sold 3,500 shares on August 19, 2026, at an average price of $257.02, totaling about $899,588. Walter D. Bay, General Counsel, sold 12,000 shares on August 24, 2026, for approximately $3.24 million at an average price of $270.08. Scott R. Hudson, another officer, sold 12,000 shares on September 2, 2026, at an average price of $264.13, totaling around $3.17 million. Richard C. Cary, an officer, sold 1,000 shares on September 15, 2026, for about $252,858 at an average price of $252.86.
Analysts Set New Price Targets
On October 12, 2026, Wells Fargo maintained its Overweight rating on AJG with a revised price target of $284, down from $291. Other recent analyst ratings include Morgan Stanley, which maintained an Overweight rating with targets of $285 and $260 on September 25 and October 6, respectively, and Mizuho, which kept an Outperform rating with a target of $271 on October 7. The consensus among analysts suggests a positive outlook for the stock, reflecting confidence in its performance.
About Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co. is a leading global insurance brokerage and risk management firm based in Rolling Meadows, Illinois. The company offers a wide range of insurance and reinsurance brokerage services, consulting, and claims administration to clients worldwide. This recent analyst activity highlights ongoing confidence in the company's growth potential within the financial services sector.
Bottom Line
Investors will be watching for Arthur J. Gallagher & Co.'s earnings report on October 29, 2026, which could provide further insights into its financial performance. As the market adjusts to analyst ratings and price targets, it's crucial to keep an eye on developments in the insurance brokerage sector.
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Source: Wells Fargo's rating change on $AJG (Oct 12, 2026). Written by software, not financial advice. How we make alerts